AJ Bell IPO- will you buy?

System

short_butt_sweet wrote: »

AJB's margins look healthy; your comments there seem to be directed at the platform market in general, without looking at AJB's figures. customer retention seems OK, too. potential misselling is worth thinking about.

If regulators were to ban exit fees, as seems possible, then AJB's margins and ability to retain customers might come under pressure.

tacpot12

Yes, I'll be buying. I've signed up for the IPO. I have always bought shares in companies that I expect to be a long-term customer of.

Malthusian

tacpot12 wrote: »

Yes, I'll be buying. I've signed up for the IPO. I have always bought shares in companies that I expect to be a long-term customer of.

Not me. I like to patronise companies that sell high-quality goods at competitive prices. Plus I like the personal touch, as opposed to the mass market. Therefore I fully expect any company I expect to be a long-term customer of to go bust.

triplea35

tacpot12 wrote: »

Yes, I'll be buying. I've signed up for the IPO. I have always bought shares in companies that I expect to be a long-term customer of.

I have a similar investment philosophy. I have done very well with Greggs but unfortunately it is not just my wallet that has expanded.

bearshare

I think A J Bell will take a lot of Fidelity business in the future. Fidelirt still have a huge customer base, but are so slow in keeping hup to date. Bell are a lot more responsive, have a better platform.

short_butt_sweet

well, i've put in an order to buy.

i think using (and liking) a company's product can give you some relevant insight into their shares as an investment. but it's always incomplete. you also have to look at whether the financials stack up. a good product with lousy financials isn't a good bet.

and sometimes the best investments are companies whose products you wouldn't want to use. tobacco has been a great investment (if held over long periods), for instance.

System

AJ Bell valued at £651m after unveiling final IPO price
https://www.ft.com/content/f6cff776-f982-11e8-af46-2022a0b02a6c

hoc

Customer and not investing. Overvalued price and bad IPO timing and not just because of the last few days makes it questionable even for a short term profit. Operates in a competitive, unpredictable industry with a good record of growth but nothing unique urging long term hold. The many comparisons to HL are too optimistic. Really the only thing going for it is the limited nature of the IPO availability amplifying the demand effect.

System

Now trading at 215p up 55p from the 160p offer price.

stuckinazoo

Well I've made a bigger gain (albeit on a purchase under the £2000 I applied for) than I'm likely to make again in 24 hours.

What are everyone's thoughts? Will there be many people selling today and if I sell and bank on a significant dip, will there be limitations for buying back a similar number of shares in the near future?

This is my lifetime ISA so in it for the long term.